here's another one, on the FCM Advisory Committee of the National Futures Association...this is the guy who followed in the steps of Jon Corzine by looting $200 + from customer segregated accounts at his firm

The Federal Reserve Bank of New York said Tuesday it had received word as early as 2007 from the British bank Barclays about problems with the benchmark interest rate that underpins much of global lending.

....
On Tuesday, the New York Fed said that it had received “occasional anecdotal reports from Barclays of problems with Libor” in late 2007, as the financial crisis was starting.
....
He said the bank’s warnings to regulators that Libor was artificially low did not lead to action.

Barclays’ regulator in the United States is the Federal Reserve Bank of New York, which was run at the time by current Treasury Secretary Timothy F. Geithner.

Diamond said that his bank had alerted the New York Fed to issues with Libor at least 12 times.

After receiving initial reports in 2007, the New York Fed said, it made additional inquiries of Barclays about its Libor operations, and subsequently made suggestions for changes to British authorities.

Geithner personally participated in several conversations with Barclays executives, according to his New York Fed calendar, later posted on the Web site of the New York Times. It wasn’t clear if these meetings focused on the Libor issues now coming to light.

The House Financial Services Committee has sent the New York Fed a letter asking about its handling of the issue. The letter, signed by Rep. Randy Neugebauer (R-Tex.), chairman of the subcommittee of oversight and investigations, asked for all communications that relate to Barclays’ Libor issues between August 2007 and November 2009 .

5/1 ARM mortgages have benefited massively to low LIBOR... I wonder how many people will come out and give back the money they saved.

money they saved? What about the money that they lost because of a lower return in their 401-K? What about the money lost by the school system where they live because of lower returns in their investments and pension plans? Ditto for the cities and states where they lived. The banksters made billions via the manipulation, so who do you think bore the loss on the other side? I'll give you a hint: look in the mirror.

money they saved? What about the money that they lost because of a lower return in their 401-K? What about the money lost by the school system where they live because of lower returns in their investments and pension plans? Ditto for the cities and states where they lived. The banksters made billions via the manipulation, so who do you think bore the loss on the other side? I'll give you a hint: look in the mirror.

I don't think this is a correct analysis. From what I can tell, this manipulation caused a huge amount of upside and a huge amount of downside. The folks responsible for it reaped a small percentage of the upside. Not bad money, from their perspective, but probably trivial relative to the overall impact.

I don't think this is a correct analysis. From what I can tell, this manipulation caused a huge amount of upside and a huge amount of downside. The folks responsible for it reaped a small percentage of the upside. Not bad money, from their perspective, but probably trivial relative to the overall impact.

most Americans probably believe that...but most Americans are not capable of critical thinking because they are mentally and emotionally too weak, and their ignorance is too vast...the level of systemic financial fraud is almost incomprehensible, to the extent that there is no longer any free market price discovery in virtually any market